Tick Volume
- Indicatori
- Versione: 1.0
- Attivazioni: 5
Market Sentiment splits the tick volume of every candle into buying and selling pressure and shows the result in a compact, modern panel on your chart. No extra indicator window, no cluttered chart. WATCH INDICATOR IN LIVE STREAMING on OUR YOUTUBE CHANNEL
How it works
Every real tick from your broker is classified with the tick rule: a rising bid counts as a buy tick, a falling bid as a sell tick. Because the calculation uses the tick history stored in MetaTrader 5, the panel is filled with data immediately after attaching, not only from live ticks.
- Current candle: buy volume, sell volume, delta and the dominant side (e.g. "BUYERS 62%"), with a buy/sell balance bar.
- Previous candle: delta and dominant side of the last closed candle.
- Cumulative delta: running total of delta with direction arrow and a column chart of the last bars. Reset daily or at each session open (Asia / London / New York).
- Relative volume: current candle volume compared with the average of previous candles, with a SPIKE marker above your threshold.
- Divergence: bullish or bearish divergence between price and cumulative delta on closed candles.
- Today: buy / sell percentage and total ticks since the start of the trading day.
- Delta histogram: green and red delta columns for the last bars, at the bottom of the panel.
- Panel position and width, optional sections (previous candle, today).
- Number of histogram bars, relative volume period, spike threshold, divergence lookback.
- Cumulative delta reset mode and session hours (GMT).
- Maximum tick history to load, to keep the indicator light.
- Volumes are tick volumes (number of price changes). For CFD and forex symbols this is the standard volume available in MetaTrader; it is not exchange-traded volume.
- Data quality depends on the tick history provided by your broker.
- Works on any symbol and timeframe. Best suited for intraday timeframes (M1 to H1).
- To try the demo in the Strategy Tester, use the "Every tick based on real ticks" mode.
Market Sentiment is an analysis tool. It shows current buying and selling pressure and does not predict future price movement or guarantee results. Always use proper risk management.
